- PROGRAM
This SBA Economic Injury Disaster Loan is available to help BUSINESSES
that have been affected by the pandemic COVID-19.
The SBA EIDL has Prime rates of 2.75% to 3.75% APR with low monthly payments and fast funding different from a regular SBA program. After you qualify in 2 weeks you may receive up to $10,000 as Advanced-Grant. Many exceptions will be made and all business are expected to qualify. Do not be concerned the ‘SBA EIDL’ will not ask for too many documents like SBA 7(a) or 504 programs require. It’s a special program, which is the reason why many exceptions are being made for example, no exclusion on any type of small business or nonprofit business organizations, even if you recently got funding you may still apply; however there will be some adjustments.
SBA Announces New Targeted Economic Injury Disaster Loan (EIDL) Advance:
In the first round of SBA EIDL grants in March of 2020, funds were quickly depleted, and many small business, Independent Contractors, Sole proprietors’ applicants received only $1,000 or few thousands, if any, of the original full EIDL amount of $10,000. As part of the Covid-19 pandemic Economic Aid to Small Businesses, Non- Profits, and Venues Act that was signed into law on December 27, 2020, the Small Business Administration (SBA) announced a new program called the COVID-19 Targeted EIDL Advance to assist businesses located in low-income communities with funds to support business continuity, resiliency, and business adaptation to current pandemic circumstances.
To learn more on & if your business qualifies for additional monies coming to you or how to apply for the first time, frequently asked questions, and more information. Request here your Free copy of the U.S. Small Business Administration pdf named Targeted EIDL Advance published by the SBA on February 1, 2021.
We are an independent office working as a Loan Packager for the SBA EIDL. Yes you can apply by yourself or we can help you apply for this program with our 29+ years of experience in the financial industry and our expertise that have helped business owners with over hundreds of thousands of business financial transactions since 2007. We can also orientate you how to apply for PPP2.
No minimum required credit score
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We are an independent office working as a Loan Packager for the SBA EIDL. Yes you can apply by yourself or we can help you apply for this program with our 29+ years of experience in the financial industry and our expertise that have helped business owners with over hundreds of thousands of business financial transactions since 2007. We can also orientate you how to apply for PPP2.
SBA Economic Injury is now here,
DON’T WORRY YOU ARE NOT ALONE!
We are an independent office working as Loan Packaging for the SBA EIDL. Yes you can apply by yourself or we can help you apply for this program with our 28+ years of experience in the financial industry and our expertise that have helped business owners with over hundreds of thousands of business financial transactions since 2007.
To begin we would only need the following documents from you:
Our online e-Application completed
Color Copy Governments issued ID
Complete copy of most recent Corporate Tax Return including all schedules or an explanation letter if not available
ADDITIONAL INFORMATION MAY BE NECESSARY TO PROCESS YOUR APPLICATION, IF REQUESTED, PLEASE PROVIDE WITHIN 7 DAYS.
*our loan packaging service will complete all the necessary SBA Required Forms with you.
SBA Disaster Loans offer an affordable way for individuals and businesses to recover from declared disasters. This Loan can be used only for:
Maintaining existing employees.
Capital to increase job opportunities.
Funds for current accounts payable that are due these rough times.
Purchase Equipment
Or for other issues related to the business losses due to the Covid-19.